The former IT director of Hargreaves Lansdown and the former UK managing director of eToro have been recruited by micro-investing platform Wombat to serve on its advisory board.
The UK-based startup has made the appointments in preparation for a Series A funding round and a European launch.
David Davies is currently CEO at fintech startup Navos Technologies having left Hargreaves Lansdown in June 2020.
Iqbal Gandham served as UK managing director of social trading platform eToro from 2016 until June 2020 and is currently the UK managing director of Ledger which provides security for digital assets and cryptocurrencies.
The pair have been hired on three year advisory deals joining a board that includes fintech investor Chris Adelsbach.
Wombat hopes to raise £10 million from its funding round which will be used to finance its European expansion plans.
Launched in 2019, Wombat currently has 160,000 users on its platform which offers access to stocks, curated funds, fractional shares and ETFs.
“The Series A funding round will support our initial expansion into Europe and help us launch and market some exciting and unique new products and features,” said Wombat CEO and co-founder Kane Harrison. “[Davies and Gandham’s] counsel will be invaluable as we continue on our journey.”
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